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Global Media Monitoring Tools Market to Grow at a CAGR of 13.50% During 2022-2027, Aided by the Increased Demand Across Industry Verticals

According to a new report by EMR titled, ‘Global Media Monitoring Tools Market Report and Forecast 2022-2027’, the market attained a value of around USD 2.99 billion in 2021. The industry is further expected to grow at a CAGR of 13.50% between 2022 and 2027 to reach a value of USD 6.39 billion by 2027.

The global media monitoring tools industry is being driven by the increased adoption of digital solutions across industries, which is driving the demand for media monitoring tools such as in the retail and E-commerce industry to analyse the consumer preferences. In addition, the media monitoring tools also help organisations to gauge their brand awareness through digital advertising, while also monitoring their competitors in an endeavour to devise strategic business policies. Moreover, the technological breakthroughs such as the integration of artificial intelligence (AI) and machine learning (ML) solutions are projected to aid the market growth. These factors are estimated to positively impact the industry growth in the forecast period.

The growing emphasis of the leading players in the development of diverse media monitoring solutions to help their clients with the development of efficient brand recognition strategies is estimated to significantly catalyse the industry growth in the forecast period. For instance, in September 2020, Semrush Holdings Inc (NYSE: SEMR) announced the launch of its new Sellerly toolkit, which aids Amazon sellers to accentuate their product listing. It provides internal tools such as traffic listing and listing quality checks, among others. Furthermore, in November 2021, Sprinklr Inc. (NYSE: CXM) announced the launch of its new Sprinklr AI studio that enables its consumers to create AI models without the need to write a code. This aims to help automate tasks such as consumer messages categorisation to filter any irrelevant material out in an endeavour to accentuate brand recognition. These developments are expected to positively impact the growth of the media monitoring tools industry in the forecast period.

Market Breakup by Component, Enterprise Size, Industry, and Region:

  • The market is divided, based on component, into software and services.
  • On the basis of enterprise size, the market can be distributed into SMEs and large enterprises.
  • The market is segmented, on the basis of industry, into below IT and telecom, hospitality, BFSI, healthcare, retail and E-commerce, media and entertainment, and manufacturing, among others.
  • Region-wise, the global market for media monitoring tools can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for media monitoring tools is being driven by the increased adoption of digital solutions across various industry verticals.
  • The growing focus of the leading market players to enhance consumer experience is leading to increased investments, which has significantly contributed to the market expansion.
  • The rising adoption of social media outlets is also aiding the industry growth.
  • The rapid technological advancements such as the integration of cloud technology and artificial intelligence (AI) are further propelling the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for media monitoring tools for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the components, enterprise sizes, industries, and major regions of media monitoring tools.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global media monitoring tools market are Agility PR Solutions LLC, BoomSonar, BurrellesLuce, Buzzcapture B.V., Cision Ltd., Coosto BV, and Critical Mention, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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